| ERX latest price $58.4300 (1.79%) ($57.7600 - $59.1000) on Wed. Jul. 12, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.79% (three month average) |
RSI | 66 |
Latest Price | $58.4300(1.79%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | ERX advances 1.5% a day on average for past five trading days. |
Weekly Trend | ERX advances 3.9% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support ERX advance at 0% a week (0% probability) XLE(99%) XOP(93%) OIH(84%) USO(69%) VYM(59%) |
Factors Impacting ERX price | ERX will decline at least -1.395% in a week (0% probabilities). VXX(-19%) UUP(-14%) VIXM(-13%) TBT(-5%) BNDX(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -1.395% (StdDev 2.79%) |
Hourly BBV | 1 () |
Intraday Trend | 0.1% |
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